Freddie Mac-No Politics (FMCC)

[El Mago]

Applications to refinance home mortgages surge
Wednesday September 17, 3:34 pm ET
By J.W. Elphinstone, AP Business Writer
Survey shows refinance applications jumped 88 percent last week, but loan rates rising again


NEW YORK (AP) -- Homeowners rushed to take advantage of last week's drop in interest rates following the government's takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears over the eroding conditions in financial markets.